JCIC Asset Management Inc. Raises Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

JCIC Asset Management Inc. boosted its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 0.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 30,111 shares of the semiconductor company’s stock after buying an additional 240 shares during the period. Taiwan Semiconductor Manufacturing comprises 2.2% of JCIC Asset Management Inc.’s portfolio, making the stock its 17th biggest holding. JCIC Asset Management Inc.’s holdings in Taiwan Semiconductor Manufacturing were worth $5,229,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BOKF NA raised its stake in Taiwan Semiconductor Manufacturing by 4.8% in the 1st quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock valued at $249,000 after purchasing an additional 81 shares during the last quarter. Cetera Advisors LLC lifted its stake in shares of Taiwan Semiconductor Manufacturing by 80.7% in the first quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock worth $10,787,000 after buying an additional 35,404 shares in the last quarter. ProShare Advisors LLC acquired a new position in Taiwan Semiconductor Manufacturing during the first quarter worth about $210,000. Empowered Funds LLC grew its stake in Taiwan Semiconductor Manufacturing by 53.8% during the 1st quarter. Empowered Funds LLC now owns 20,849 shares of the semiconductor company’s stock valued at $2,837,000 after acquiring an additional 7,293 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in Taiwan Semiconductor Manufacturing in the 1st quarter valued at about $437,000. Institutional investors and hedge funds own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

TSM stock opened at $200.77 on Thursday. Taiwan Semiconductor Manufacturing Company Limited has a 52-week low of $84.95 and a 52-week high of $212.60. The business has a fifty day moving average of $177.14 and a two-hundred day moving average of $165.51. The stock has a market cap of $1.04 trillion, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 0.96 and a beta of 1.14. The company has a quick ratio of 2.21, a current ratio of 2.47 and a debt-to-equity ratio of 0.26.

Taiwan Semiconductor Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a $0.4871 dividend. This is a positive change from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $1.95 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, December 12th. Taiwan Semiconductor Manufacturing’s payout ratio is 31.57%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Barclays boosted their target price on Taiwan Semiconductor Manufacturing from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday. TD Cowen upped their target price on Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Susquehanna reaffirmed a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. Finally, Needham & Company LLC reissued a “buy” rating and set a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $209.00.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.